Employee Benefits Advisory – New Executive Order
On October 12, 2017, President Trump signed an executive order affecting the ACA, following Congress’ failure to pass legislation repealing the law. Specifically, the executive order would make changes to certain ACA rules by expanding access to association health plans, health reimbursement arrangements (HRAs) and short-term, limited-duration insurance.
The executive order does not, itself, make any specific changes to existing regulations. Instead, it directs federal agencies to issue new regulations or guidance to implement the order’s policies. As a result, it is difficult to know how any existing ACA regulations will be specifically impacted before any further guidance is issued.
In any case, the immediate impact of the executive order will likely be small, since it will take time to implement policies, regulations and other guidance to carry out these changes. Therefore, employers should continue to prepare for upcoming requirements and deadlines to ensure full compliance.
Below you will find a Health Care Bulletin which provides an overview of the executive order. Please give your Benefits Consultant at Owen-Dunn a call if you have any questions or concerns.